Tisco Financial Group Public Co. Ltd. · SET:TISCO

Tisco Financial Group Public — Q2 2006 Earnings Presentation

19 slides from Tisco Financial Group Public's earnings presentation, Jul 19, 2006

  1. Slide 1: Analyst Meeting

    Analyst Meeting July 19, 2006 •This presentation material may contain forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward looking statements as a result of v

  2. Slide 2: Financial Highlights

    Financial Highlights (Million Baht) 2003 2004 2005 1Q06 2Q06 Total Asset 60,263 66,296 75,283 90,589 77,695 Total Liabilities 49,542 53,715 62,201 77,127 65,668 Total Equity 10,721 12,581 13,082 13,462 12,027 Total Revenue 6,078 6,642 6,624 2,099 1,875 Net Income 1,890 2,224 1,791 544 351 Diluted EP

  3. Slide 3: 2Q06 Financial Performance

    2Q06 Financial Performance Net Profits Million Baht 2,500 2,000 (2.4)% 1,500 2,224 917 895 1,000 1,791 400 351 12.2% 500 517 544 5.2% 0 2004 2005 1H05 1H06 1Q 2Q Million Baht 2Q06 2Q05 YoY (%) 1H06 1H05 YoY(%) Interest 1,420 1,141 24.4 2,763 2,214 24.8 Income Interest 719 334 114.9 1,269 631 101.1 E

  4. Slide 4: 2Q06 Revenue Structure

    2Q06 Revenue Structure Interbank & MM - Interest Wholesales - income Interest Income 8% 12% Fee from Banking & Retail 11% Securities Brokerage 8% Retail - Interest Proprietary Asset Income 5% Management 52% 4% Interest Income : Non-Interest Income was 72% : 28%. Net Interest Income (NII) : Non-Inter

  5. Slide 5: Net Interest Income

    Net Interest Income % % (Million Baht) 2005 2Q06 2Q05 Change 1H06 1H05 Change (YoY) (YoY) Interest on Loans 590 224 145 54.1 417 283 47.3 Interest on Interbank 145 153 23 567.5 232 42 452.4 Hire purchase and financial lease 3,544 968 868 11.5 1,931 1,699 13.7 Investment 289 75 105 (28.5) 183 190 (3.

  6. Slide 6: Spread Management

    Spread Management 10 7.3 7.4 8 7.2 6.9 6 4.9 4.3 4.2 (%) 3.9 4 3.4 2 3.1 2.7 2.3 0 2004 2005 1Q06 2Q06 Yield on loan Loan spread Cost (%) 2004 2005 1Q06 2Q06 1H06 (excl. write back effect) Yield 6.5 6.8 6.6 7.0 7.4 Yield on Loan 7.2 6.9 7.3 7.4 7.3 Cost 2.3 2.7 3.4 4.3 4.2 Loan Spread 4.9 4.2 3.9 3.

  7. Slide 7: Non-Interest Income

    Non-Interest Income % % (Million Baht) 2005 2Q06 2Q05 Change 1H06 1H05 Change (YoY) (YoY) Brokerage Fee 622 155 129 20.0 346 338 2.4 Asset Management Fee 271 68 49 38.3 146 122 19.7 Investment Banking Fee 28 1.5 2.4 (36.5) 2.8 14 (80.0) Fee Income from 802 214 203 5.6 425 379 12.1 Banking Business T

  8. Slide 8: Operating Expenses

    Operating Expenses % % (Million Baht) 2005 2Q06 2Q05 Change 1H06 1H05 Change (YoY) (YoY) Personnel expenses 1,205 266 235 13.0 600 478 25.5 Premises and equipment 416 108 103 4.6 215 203 5.9 expenses Taxes and duties 73 23 18 29.8 41 35 17.1 Fees and service expenses 589 160 152 5.8 296 295 0.3 Dire

  9. Slide 9: Assets and Liabilities Management

    Assets and Liabilities Management Asset Mix Liabilities Mix (14.0 (14.9 )% )% 120% 66,296 75,283 90,589 77,695 100% 53,715 62,201 77,127 65,902 100% 8% 7% 8% Other Liabilities 80% 11% 80% Borrowings Other assets 60% Equity Interbank 60% 62% 63% 62% Fixed-income Deposits* 40% 52% 40% Other Loans 82%

  10. Slide 10: Loans Portfolio Breakdown

    Loans Portfolio Breakdown Loan as of June 30. 2006 Million Baht % NPLs 5.8% 6% Commercial 100,000 4.9% Lending 4.5% 5% Others 4.4% 6% 20% 80,000 63,948 63,699 65,195 4% 60,000 55,760 12,705 12,739 13,300 3% 10,924 40,000 2% Retail- 47,249 46,633 47,746 Housing 20,000 40,971 1% 3% Retail-Hire purchas

  11. Slide 11: Funding Base

    Funding Base Funding Base Deposits Breakdown Million Baht Million Baht 80,000 72,538 70,000 70,000 60,585 61,976 60,000 58,357 60,000 50,581 50,000 50,000 40,000 34,451 36,031 40,000 45,471 60,585 30,000 30,000 18,802 26,120 20,000 39,288 20,000 34,451 36,031 10,000 10,000 0 0 2004 2005 1Q06 2Q06 20

  12. Slide 12: Hire Purchase Business

    Hire Purchase Business Industry New Car Sales & TISCO Penetration Rate New Business Car Hire Purchase Thousand Units Million Baht Units (%) 54,500 58,301 1,000 9.0 50,000 60,000 7.4 45,103 7.3 8.0 7.0 29,715 6.6 40,000 800 6.2 7.0 40,000 25,036 626 6.0 20,000 600 533 703 30,000 26,206 5.0 24,976 22,

  13. Slide 13: Local Brokerage Business

    Local Brokerage Business Average Daily Turnover TISCO Brokerage Volume & Market Share TISCO Turnover (Btmn) Market Turnover (Btmn) Brokerage Volume (Btmn) Market Share (%) 500,000 4.0% 3,000 2,862 20,508 3.50% 3.40% 3.46% 18,908 16,387 20,000 2,500 400,000 3.00% 15,536 355,697 3.0% 15,438 15,000 315

  14. Slide 14: Asset Management Business

    Asset Management Business Market NAV and TISCO Market Share Asset Under Management Total NAV (Btmn) Total NAV (Btmn) 2,000,000 8% 1.5% 7.3% 1,351,168 100,000 6.7% 6.5% 6.0% 7% 82,130 80,897 1,500,000 6% 80,000 1,259,593 67,704 924,545 5% 56,459 60,000 25% 28% 1,000,000 846,964 4% 27% 61% 63% 24% 3%

  15. Slide 15: Risk-Based Capital Adequacy

    Risk-Based Capital Adequacy 1Q06 2Q06 Operational Risk Non-listed Equity Operational Risk Non-listed Equity Reserve Listed Equity Listed Equity 4% Reserve 5% 11% 17% 15% Fixed-income SME Lending 11% Fixed-income 0% 0% 0% Derivatives Derivatives 0% 0% Banking Book(Interest- bearing) Banking Book(Inte

  16. Slide 16: Interest Rate Risk

    Interest Rate Risk 1.20 1.13 Current Profile 1.00 0.96 • Duration gap was wider from 0.57 year to 0.76 year 0.80 according to the expansion of Hire Purchase portfolio and increasing in short-term 0.60 borrowings. 0.39 0.37 0.40 • In addition, the average days to maturity of total borrowings still de

  17. Slide 17: Business Co-operation Agreement

    Business Co-operation Agreement TISCO Bank Plc. & Mizuho Corporate TISCO Securities & Deutsche Bank Bank Global Equities Asia Ltd. 20 Jun, 06 – A co-operation agreement 30 Jun, 06 – A co-operation agreement with ‘Mizuho Corporate Bank’ to bring in with ‘Deutsche Bank Global Equities Asia more Japane

  18. Slide 18: Holding Company Restructuring

    Holding Company Restructuring • Progress – The holding restructuring plan was approved by the Bank of Thailand and was recommended to the Ministry of Finance for consideration and approval since early February, 2006. – Currently, it is under consideration of the Ministry of Finance. 18

  19. Slide 19: Q&A

    Q&A Website: www.tisco.co.th Tel: 0-2633-6868 E-mail: IR@TISCO.CO.TH Fax: 0-2633-6818 19

TISCO Financial Group Public — Q2 2006 Earnings Presentation on 6ix